In search of structured business model for renewable energy expansion in India
Keywords:
Energy efficiency, Finance, Green marketing, Market failures, Renewable energyAbstract
While overall power generation in India has been increasing over the years, the coverage of households in the energy access net (with 38% of total households or over 500 million people having no energy access) and availability of supply (at only 5-6 hours/day) are still prime concerns for the Government. In such a scenario, is renewable energy an alternative given the shortage of supply from conventional sources, with over 30,000 MW stranded power plants, commitment of the Government to set up 100 Smart Cities, High-speed/Semi-speed Rails, Industrial Corridors and more beyond that ‘power to all’ by 2022’ Through this study, an attempt has been made to understand the socio-economic-environmental impact of renewable energy expansion and examined the factors that govern the feasibility and/or viability in meeting the ambitious clean energy target of 175 GW set out by the Government. The key determinants of renewable energy are found to be functionality variation, the pattern of household’s energy consumption, willingness-to-pay, behavioral change in tariff and cost, grid integration, energy efficiency and access to cheap green finance. Selective implementation of a combination of On-Grid, Off-Grid, and localized Mini-Grids application and flexible revenue modalities such as ‘Pay-as-you-go’ in off-grid areas and ‘Net-metering’ or ‘Feed-in-tariff’ concept in grid-connected areas are best suited. Further, enforceable renewable purchase obligation, renewable generation obligation, faster and efficient implementation of renewable energy certificates as tradable commodity, carbon trading as a source of revenue, green marketing, mobilization of funds under corporate social responsibility and single procurement of all renewable energy by a centralized unit would go a long way in achieving the renewable targets.
Downloads
References
Blazejczak, J., Braun, F. G., Edler, D., & Schill, W. P. (2014). Economic effects of renewable energy expansion: A model-based analysis for Germany. Renewable and sustainable energy reviews, 40, 1070-1080.
BMWi, B. M. U. (2010). Energiekonzept für eine umweltschonende, zuverlässige und bezahlbare Energieversorgung. Bundesministerium für Wirtschaft und Technologie (BMWi), Bundesministerium für Umwelt, Naturschutz und Reaktorsicherheit (BMU), Berlin.
Buragohain, T. (2012). Impact of solar energy in rural development in India. International journal of environmental science and development, 3(4), 334.
Carlson, D. A., & Bolten, A. B. (1984). Identification of Aricanized and European Honey Bees, Using Extracted Hydrocarbons. Bulletin of the ESA, 30(2), 32-35.
Cecelski, E., & Clancy, J. S. (2000). Gender perspectives on energy for CSD-9.
De Young, R., Gilbert, M., Manning, L., & Weissman, A. (1993). Knowledge-based interventions for promote conservation behavior: Stories as replacements for direct experience. School of Natural Resources and Environment, University of Michigan.
Firth, S., Hodges, P. M., Poliakoff, M., & Turner, J. J. (1987). Comparative Matrix Isolation and Time‐Resolved Infrared Studies on the Photochemistry of MnRe (CO) 10 and Re2 (CO) 10: Evidence for CO‐Bridged MnRe (CO) 9. ChemInform, 18(16), no-no.
GNESD. (2007). Renewable energy technologies and poverty alleviation: Overcoming barriers and unlocking potentials.
Machika, M. R. E. (1982). Law and economic development: a study of land law and agriculture in Malawi, Kenya and Zambia (Doctoral dissertation, University of Birmingham).
Muneer, T., Asif, M., & Munawwar, S. (2005). Sustainable production of solar electricity with particular reference to the Indian economy. Renewable and Sustainable Energy Reviews, 9(5), 444-473.
Nation, R. C. (2007). Russia, the United States, and the Caucasus. Army war coll strategic studies inst carlisle barracks pa.
Prabhu, P., Babu, R. S., & Narayanan, S. S. (2011). Electrocatalytic oxidation of L-tryptophan using copper hexacyanoferrate film modified gold nanoparticle graphite-wax electrode. Colloids and Surfaces B: Biointerfaces, 87(1), 103-108.
Ren21, R. (2011). Global Status Report, 2011.
Schimschar, S., Blok, K., Boermans, T., & Hermelink, A. (2011). Germany's path towards nearly zero-energy buildings—Enabling the greenhouse gas mitigation potential in the building stock. Energy Policy, 39(6), 3346-3360.
Sharma, S. V., Bell, D. W., Settleman, J., & Haber, D. A. (2007). Epidermal growth factor receptor mutations in lung cancer. Nature Reviews Cancer, 7(3), 169.
Singh, J., Kaur, L., & McCarthy, O. J. (2007). Factors influencing the physico-chemical, morphological, thermal and rheological properties of some chemically modified starches for food applications—A review. Food hydrocolloids, 21(1), 1-22.
SourceOECD (Online service). (1995). World energy outlook. Organisation for Economic Co-operation and Development.
US Census Bureau. (2004). American factfinder (Vol. 3). US Department of Commerce, Economics and Statistics Administration, US Census Bureau.
Wang, D., Li, H., Shi, S., Huang, X., & Chen, L. (2005). Improving the rate performance of LiFePO4 by Fe-site doping. Electrochimica Acta, 50(14), 2955-2958.
World Bank Staff. (2004). World Development Report 2005: Investment Climate, Growth and Poverty. World Bank Publications.
Zenghelis, D., & Bassi, S. (2014). Burden or opportunity? How UK emissions reductions policies affect the competitiveness of businesses.
Published
How to Cite
Issue
Section
Articles published in the International Research Journal of Management, IT and Social sciences (IRJMIS) are available under Creative Commons Attribution Non-Commercial No Derivatives Licence (CC BY-NC-ND 4.0). Authors retain copyright in their work and grant IRJMIS right of first publication under CC BY-NC-ND 4.0. Users have the right to read, download, copy, distribute, print, search, or link to the full texts of articles in this journal, and to use them for any other lawful purpose.
Articles published in IRJMIS can be copied, communicated and shared in their published form for non-commercial purposes provided full attribution is given to the author and the journal. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
This copyright notice applies to articles published in IRJMIS volumes 7 onwards. Please read about the copyright notices for previous volumes under Journal History.
